On April 22, 2025, the Trump administration officially announced a suspension of new tariffs on China, reducing the originally planned tax rate from 145% to a range of 50%-65%, and plans to alleviate trade friction through a tiered taxation scheme. This decision stems from threefold pressure: first, the U.S. domestic inflation rate soared to 3.8%, and if the current tariffs were maintained or exceeded 4.5%, it would impact Trump's electoral prospects; second, the global supply chain disruption has led to a 60% shortage of goods on the shelves of U.S. retail giants, putting collective pressure on companies like Walmart; third, over 50 countries, including the EU and ASEAN, have united in countermeasures, rendering Vietnam's photovoltaic industry and other "friend-shoring" strategies ineffective. The suspension measures caused U.S. stocks to surge by 9.5% in a single day, and the offshore RMB exchange rate rebounded to the 7.35 level. However, the U.S. side still retains a 10% base tariff and suggests that if negotiations break down, they may restart the increase. The Chinese Ministry of Commerce emphasizes that the U.S. must correct its mistakes to resume equal dialogue.